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PBOC Unlikely to Cut RRRs in Q4: Daily

CHINA PRESS
MNI (Sydney)

China's monetary policy will remain stable and the PBOC is unlikely to cut banks' reserve requirement ratios or interest rates barring a major external shock, the Economic Information Daily reported citing Wang Qing, chief analyst at Golden Credit Rating. The PBOC may choose to inject medium and long-term liquidity by rolling over the matured MLFs in excess of the required amount, Wang said. However, he told the Daily that longer-term liquidity continues to be tight as banks are tasked to reduce structural deposits.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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